The Effects of Emotions on Stated Preferences for Environmental Change: a re-examination

Yilong Xu, Mikolaj Czajkowski, Nick Hanley (), Leonhard Lades (), Charles Noussair and Steven Tucker
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Nick Hanley: University of Glasgow
Leonhard Lades: University of Stirling

Working Papers in Economics from University of Waikato

Abstract: We consider how people's emotions affect their stated preferences and willingness to pay for changes in environmental quality, focusing on the effect of incidental emotions. We use videos to induce emotional states and test the replicability of the results reported in Hanley et al. (2016). Additionally, we employ a novel methodology - Face reading software - to verify whether the intended emotional states were successfully induced. We find that our treatments succeed in implementing the predicted emotional condition in terms of self-reported emotions, but had a variable effect on measured (estimated) emotional states. We replicate the result from Hanley et al. (2016): induced emotional state has no significant effect on stated preference estimates or on willingness to pay for an environmental quality change. Moreover, we confirm that, irrespective of the treatment assignment or emotional state - be it self-reported or measured - we observe no significant effect of emotion on preference estimates. We conclude that stated preference estimates for environmental change are unaffected by changes in incidental emotions. Our results suggest that preference estimates are robust to the emotional state of the responder.

Keywords: Choice experiments; Laboratory Experiments; Behavioral Economics; Environmental Valuation; Emotions; Cost-Benefit Analysis (search for similar items in EconPapers)
JEL-codes: C90 D03 Q51 Q57 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2024-08-05
New Economics Papers: this item is included in nep-dcm, nep-env and nep-exp
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Working Paper: The Effects of Emotions on Stated Preferences for Environmental Change: a re-examination (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:24/06

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